How to apply for hardware financing?

[Roz1]

How  do I apply for an application to make payments monthly for purchasing the new contactless reader?

[Wmkeller61]

I want to purchase a retail POS system but want to finance it. When I go to check out all it offers is Google Pay and Credit Card options I don't see any link to filling out an application. Any help appreciated. 

[JenJo19]

I am trying to purchase the Terminal and it isnt giving me the option for financing, only Credit Card purchase.

[Frida]

Hello @JenJo19, 

We see its your first post in the Seller community, welcome!

Sorry to hear you are encountering some trouble with financing your purchase. Financing hardware is an option in most states, with the exception of the following: 

• Alabama
• Delaware
• Mississippi
• Missouri
• New Hampshire
• Tennessee

If you are located in one of the above states ineligible for the financing option, please know that we are constantly working to grow this program and we’ll be sure to keep you informed should we provide this option in the future.

However, if you do not reside in one of the above states, please make sure that you are signed into your account when attempting to purchase your hardware. 

Hope this provides you some insight, look forward to reading your response! 

[JenJo19]

Im in Kentucky 😞

[Jdaggett13]

Following the thread, Im logged into my account on the main square page trying to check out, it does not give me a option for any sort of financing? Fluke in the system? Im in ohio. Its for a register set up so well over the 49$ 

[Candlestore]

@Jdaggett13 

From your Dashboard choose Loans and see if you have a Loan offer available.  I just tried to see what would happen if I purchased a new Register system and I do not get the financing either right now.  In August I was able to get over a $28,000 loan through Square but now with it being off season for my business, I am not eligible.  Even Last week I was able to get a $16,000 loan from Square.   

Its the way their financing works based on weekly Credit Card sales to give loan offers.

[Feliciat1979]

I am trying to purchase the hardware and would like to finance it but it doesn't give me that option when I go to checkout. 

[Candlestore]

@Feliciat1979 ,

Usually Square has to wait till you're established to be able to give you a loan.  Square gives you a loan or financing based on Sales made by Credit Card purchases.   To check what your available credit or loan amount with Square is, goto you Square Dashboard, then click on Loans.   I have already been given loan offers upto $28,000 during my busy season to $0.00 in my off season.  The loan and financing offers are all based on your Credit card Sales weekly.    Last week I was offered $18,000.... this week it is at $12,000...last weeks were not as high as the week befores because of a snow storm that came through my area.

[Feliciat1979]

Thanks.